Transcript for New Details on Historic Agreement to Freeze Iran's Nuclear Program

Let's get the latest on the historic agreement to freeze iran's nuclear program. Greeted by cheers in iran, jeers in israel. Terry moran has more. Good morning, terry. Reporter: Good morning, george. European officials are saying that sanctions against iran could be lifted as early as december. Iranians are ready to begin new talks now. Among u.S. Allies, skepticism. In tehran, they loved this deal. Crowds gathering in the middle of the night to welcome home their negotiators from geneva like conquering heroes. In congress, not so much. We're dealing with iran. They're one of the top supporters of terrorism around the world. Reporter: The debate over the deal is roiling all over the world. Iran agreed to freeze its nuclear program and allow daily monitoring of key facilities by international inspectors. In exchange, the u.S. And allies agree to ease some economic sanctions, about $7 million worth. The whole deal is temporary. They try to hammer out a final agreement. Israel hate this is deal. And prime minister benjamin netanyahu issued a clear warning. We'll not allow iran to have a nuclear weapons capability. Reporter: New sanctions are being prepared. In the middle of the uproar, president obama seems ready to take a gamble for peace. We have the opportunity for a peaceful settlement. I believe we must test it. Reporter: There have been months of top-secret direct talks between the u.S. And iranian officials. Five meetings in all. Proof of just what an incredible gamble and a high-stakes this one has been for president obama and his team. And for both sides. The iranian president was under great pressure to reach this deal as well. What are the thoughts on whether this can really lead to a new relationship between the united states and iran? Reporter: You know, sthat the talk I the middle east. And around the world in diplomatic circles. The israeli media is worried about just that. Is this a new middle east? If iran is no longer a pariah state, could bit be a u.S. Partner? Thanks, terry. We begin with a developing

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